Legal & General Group Plc decreased its holdings in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,137 shares of the bank’s stock after selling 1,511 shares during the period. Legal & General Group Plc owned about 0.12% of Wintrust Financial worth $6,018,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in WTFC. Cornerstone Wealth Management LLC bought a new stake in Wintrust Financial during the second quarter valued at $171,000. Atria Investments LLC bought a new stake in Wintrust Financial during the second quarter valued at $204,000. CIBC World Markets Inc. bought a new stake in Wintrust Financial during the first quarter valued at $296,000. Gideon Capital Advisors Inc. bought a new stake in Wintrust Financial during the second quarter valued at $378,000. Finally, ETF Managers Group LLC bought a new stake in Wintrust Financial during the first quarter valued at $427,000. Hedge funds and other institutional investors own 88.34% of the company’s stock.
Several research firms have recently commented on WTFC. Wedbush upped their price target on shares of Wintrust Financial from $100.00 to $101.00 and gave the stock a “$90.84” rating in a research report on Wednesday, July 18th. BidaskClub lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 13th. Hovde Group set a $98.00 price target on shares of Wintrust Financial and gave the stock a “hold” rating in a research report on Monday, July 23rd. ValuEngine lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Finally, Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $94.56.
Wintrust Financial stock opened at $88.93 on Thursday. The stock has a market cap of $4.99 billion, a PE ratio of 20.21, a PEG ratio of 1.09 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.00 and a quick ratio of 0.99. Wintrust Financial Corp has a one year low of $71.88 and a one year high of $99.96.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 17th. The bank reported $1.53 EPS for the quarter, topping the consensus estimate of $1.44 by $0.09. The business had revenue of $333.40 million during the quarter, compared to analyst estimates of $327.03 million. Wintrust Financial had a net margin of 22.07% and a return on equity of 10.62%. During the same quarter in the prior year, the firm earned $1.11 earnings per share. equities research analysts predict that Wintrust Financial Corp will post 6.02 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. Wintrust Financial’s dividend payout ratio is presently 17.27%.
In related news, insider Edward J. Wehmer sold 12,301 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $91.12, for a total value of $1,120,867.12. Following the completion of the transaction, the insider now owns 133,308 shares in the company, valued at approximately $12,147,024.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy Crane sold 954 shares of the stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $90.96, for a total transaction of $86,775.84. Following the completion of the transaction, the insider now owns 17,272 shares of the company’s stock, valued at approximately $1,571,061.12. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.
Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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